Philip Morris (PM) Offering Possible 13.64% Return Over the Next 23 Calendar Days

Philip Morris's most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 13.64% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Philip Morris is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Philip Morris is bullish.

The RSI indicator is at 34.13 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Philip Morris

Like Growing Dividends? Consider This Stock
Sat, 19 Mar 2022 11:02:00 +0000
Philip Morris International's stock has plunged in the last month amid geopolitical concerns in Europe.

Why Philip Morris Could Outperform
Thu, 17 Mar 2022 20:47:38 +0000
The tobacco company runs a resilient business

MO Stock: Is Marlboro Maker Altria A Buy After Earnings Beat, Court Decision?
Tue, 15 Mar 2022 21:02:09 +0000
Altria in February got the first signs of possible relief over its investment in e-cigarette maker Juul. So should you buy MO stock now?

Philip Morris (PM) Gains As Market Dips: What You Should Know
Mon, 14 Mar 2022 22:15:10 +0000
Philip Morris (PM) closed the most recent trading day at $89.59, moving +0.81% from the previous trading session.

McCormick (MKC) Suspends Russian Operations Amid Conflict
Mon, 14 Mar 2022 13:13:01 +0000
McCormick (MKC) suspends operations in Russia after stopping advertising and promotional activity as well as other investments in the country.

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